Identifying Competitive Advantages for Territories

Territories like businesses struggle in an ever stronger competitive environment. The opening of markets and the free transfer of information about every spot in the world to every spot on Earth almost instantly as well as the easy movement of people makes it very important for territories to promot...

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Bibliographic Details
Main Author: Balashova-Kostadinova, Yana
Format: Article
Language:English
Published: The Bucharest University of Economic Studies Publishing House 2016-11-01
Series:Journal of Emerging Trends in Marketing and Management
Subjects:
Online Access:http://www.etimm.ase.ro/RePEc/aes/jetimm/2016/ETIMM_V01_2016_69.pdf
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author Balashova-Kostadinova, Yana
author_facet Balashova-Kostadinova, Yana
author_sort Balashova-Kostadinova, Yana
collection DOAJ
description Territories like businesses struggle in an ever stronger competitive environment. The opening of markets and the free transfer of information about every spot in the world to every spot on Earth almost instantly as well as the easy movement of people makes it very important for territories to promote themselves. They compete not only as destinations in tourism related aspects but also as places to live in, work in and develop your business in. It’s no wonder that territories start to adopt business techniques to let them thrive in this environment. Territories are certain areas with their own already set resources like natural resources, historical sights, special products, created only there, specifically-skilled people, specific traditions, food and so on. Advantages are usually derived from attributes that allow a territory to outperform its competitors and strategic management should be concerned with building and sustaining these advantages. This article will attempt to find ways of accurately identifying the advantages of a territory, classifying them as competitive or comparative in order to find ways and approaches of using them as means to developing and marketing the territory as a whole while attempting to satisfy all stakeholders’ needs and wants.
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spelling doaj.art-ef1b318977694fb78f7bd5771f55e2b72022-12-22T02:06:58ZengThe Bucharest University of Economic Studies Publishing HouseJournal of Emerging Trends in Marketing and Management2537-58652016-11-01I1111118Identifying Competitive Advantages for TerritoriesBalashova-Kostadinova, Yana0University of Economics-VarnaTerritories like businesses struggle in an ever stronger competitive environment. The opening of markets and the free transfer of information about every spot in the world to every spot on Earth almost instantly as well as the easy movement of people makes it very important for territories to promote themselves. They compete not only as destinations in tourism related aspects but also as places to live in, work in and develop your business in. It’s no wonder that territories start to adopt business techniques to let them thrive in this environment. Territories are certain areas with their own already set resources like natural resources, historical sights, special products, created only there, specifically-skilled people, specific traditions, food and so on. Advantages are usually derived from attributes that allow a territory to outperform its competitors and strategic management should be concerned with building and sustaining these advantages. This article will attempt to find ways of accurately identifying the advantages of a territory, classifying them as competitive or comparative in order to find ways and approaches of using them as means to developing and marketing the territory as a whole while attempting to satisfy all stakeholders’ needs and wants.http://www.etimm.ase.ro/RePEc/aes/jetimm/2016/ETIMM_V01_2016_69.pdfcompetitive advantagesterritories
spellingShingle Balashova-Kostadinova, Yana
Identifying Competitive Advantages for Territories
Journal of Emerging Trends in Marketing and Management
competitive advantages
territories
title Identifying Competitive Advantages for Territories
title_full Identifying Competitive Advantages for Territories
title_fullStr Identifying Competitive Advantages for Territories
title_full_unstemmed Identifying Competitive Advantages for Territories
title_short Identifying Competitive Advantages for Territories
title_sort identifying competitive advantages for territories
topic competitive advantages
territories
url http://www.etimm.ase.ro/RePEc/aes/jetimm/2016/ETIMM_V01_2016_69.pdf
work_keys_str_mv AT balashovakostadinovayana identifyingcompetitiveadvantagesforterritories